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Dec 31, 2012
12/12
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WGN
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president obama originally wanted the tax cuts extended only four families making over $250,000 a year. as both sides make difficult concessions, the two sides appear to be inching closer to a deal. whether they can close a deal by midnight remains a question. >> want everybody to know that i'm willing to get this done. i need a dance partner. >> if there is an ultimate compromise, there will be parts of it that i find it disgusting and reprehensible. if lawmakers did not reach a deal by midnight tonight. you will likely not see a big change in their next paycheck. a lot of businesses use 2012 withholding rates. if you want to check out how much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in illinois could come before state lawmakers in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measu
president obama originally wanted the tax cuts extended only four families making over $250,000 a year. as both sides make difficult concessions, the two sides appear to be inching closer to a deal. whether they can close a deal by midnight remains a question. >> want everybody to know that i'm willing to get this done. i need a dance partner. >> if there is an ultimate compromise, there will be parts of it that i find it disgusting and reprehensible. if lawmakers did not reach a...
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Dec 31, 2012
12/12
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MSNBCW
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the payroll tax holiday enacted under president obama will expire. the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiations. what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate will get back network. when they do they won't have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits yesterday democratic leader harry reid said he hoped to have an announcement in the morning when senate gets back network. where are they divided inspecifically divided at what salary taxes should increase but there was progress in terms of tax increases for the wealthiest of americans, also avoiding the inheritance tax increases and democrats say that they are grateful republicans have given up a demand for cuts to social security at least for now. now this progress has not come easy. democrats have accused republicans of bei
the payroll tax holiday enacted under president obama will expire. the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiations. what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate will get back network. when they do they won't have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still...
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Dec 31, 2012
12/12
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WRC
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. >> if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income, and the whole economy could slow down at a time when the economy's actually starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overliove overriding theme. >> reporter: after the interview, republicans accused the president of assigning blame instead of leading. >> when they say leadership falls on you, mr. president, you don't have a role in breaking this impact? you've had a tough go with congress. >> david, at a certain point, if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying
. >> if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income, and the whole economy could slow down at a time when the economy's actually starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that...
360
360
Dec 31, 2012
12/12
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KGO
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. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up. that would hurt our economy badly. we can get that done. >> reporter: president obama called for immediate action but there was no vote in the senate. >> we're going to come in at 11:00 a.m. tomorrow morning, and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. the tax impact for the average american family, more than $3,400. senate leaders continued to work on the stop gap bill. but sticking points remain. >> there's still significant difference between the two sides. but negotiations continue. >> reporter
. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up. that would hurt our economy badly. we can get that done. >> reporter: president obama called for immediate action but there was no vote in the senate. >> we're going to come in at 11:00 a.m. tomorrow morning, and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: minority leader mitch mcconnell...
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Dec 31, 2012
12/12
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FOXNEWSW
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i hope republicans will fight as hard on the debt ceiling as barack obama did on tax rate. uma: you call everything going on in washington right now dysfunctional. the american people are kwaeutinwaiting to see what is going to happen here. many people are frustrated and upset that once again we are at the 11th hour trying to get a deal done at a time when there was a lot of time before this to work something out. >> because the senate doesn't function any more. the house has passed three or four bills to avoid sequestration, to save the military from these cuts, to deal with the fiscal cliff. if you don't like the house's product bring it on the floor of the senate and let's change it. let's start being legislators instead of just a place where ideas go and die in the united states senate, it's embarrassing to me being the most deliberative body in the world and not be able to have a debate about how the fiscal cliff drama should end. we should have had the house bill on the floor months ago. harry reid blocks everything coming from the house, this place is completely dysf
i hope republicans will fight as hard on the debt ceiling as barack obama did on tax rate. uma: you call everything going on in washington right now dysfunctional. the american people are kwaeutinwaiting to see what is going to happen here. many people are frustrated and upset that once again we are at the 11th hour trying to get a deal done at a time when there was a lot of time before this to work something out. >> because the senate doesn't function any more. the house has passed three...
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Dec 31, 2012
12/12
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CSPAN
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speaker, the fiscal cliff is more than just the tax increases that president obama so dearly wants. the effect of the s.g.r. formula means that physicians who treat medicare patients will be forced to limit the number of seniors that they see, fewer patients being seen, doctors forced not to see patients because of foolish washington policy. this jeopardizes health care for millions of folks. the sustainable growth rate, the formula used by medicare to determine physician reimbursement, needs to be repealed. it doesn't work for patients and it doesn't work for doctors. and it's destructive to the very principles that we hold dear about health care. it violates accessibility. it violates quality, and it limits choices, it harms real people. now, there are positive solutions that we're working on so we may responseably reform this broken system, but while we work to put in place a system that actually makes sense, we must provide certainty for patients and their doctors for the new year. . slashing payments to doctors is a terrible idea and it must be stopped. the s.g.r. needs to be p
speaker, the fiscal cliff is more than just the tax increases that president obama so dearly wants. the effect of the s.g.r. formula means that physicians who treat medicare patients will be forced to limit the number of seniors that they see, fewer patients being seen, doctors forced not to see patients because of foolish washington policy. this jeopardizes health care for millions of folks. the sustainable growth rate, the formula used by medicare to determine physician reimbursement, needs...
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165
Dec 31, 2012
12/12
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CSPAN
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then we go back to the situation -- recalling the bush tax cuts. if i am correct and i know i am, president bush was our republican. president bush was involved for eight consecutive years. he created the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a financial controller by trade. it is extremely difficult to find employment. i would truly appreciate for something to be settled today to it least give me my additional benefits i was originally granted but now is continued until the 29. host: thank you for joining us unsell -- thank you for joining us from california. the house republican whip sent out a memo earlier this afternoon saying that we do expect to have a series of votes later this afternoon. "today's schedule remains very fluid. members are advised to remain close to the capitol. please stay as flexibl
then we go back to the situation -- recalling the bush tax cuts. if i am correct and i know i am, president bush was our republican. president bush was involved for eight consecutive years. he created the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a...